Locker Company has a debt-equity ratio of .6. Return on assets is 8.8 percent, and total equity is $525,000.What is the equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Equity multiplier _________ What is the return on equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) Return on equity ______% What is the net income? (Do not round intermediate calculations.) Net income $_____
Return on assets
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